M/A-Com Technology Solutions Holdings Inc. (NASDAQ:MTSI) traded up 5.9% during mid-day trading on Friday . The company traded as high as $34.18 and last traded at $34.15, with a volume of 779,849 shares. The stock had previously closed at $32.25.

A number of equities research analysts have issued reports on the stock. Barclays PLC reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Saturday, March 12th. Jefferies Group reiterated a “buy” rating and issued a $51.00 target price on shares of M/A-Com Technology Solutions Holdings in a research report on Friday, May 13th. Zacks Investment Research upgraded shares of M/A-Com Technology Solutions Holdings from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research report on Saturday, April 30th. Needham & Company LLC reiterated a “buy” rating on shares of M/A-Com Technology Solutions Holdings in a research report on Wednesday, April 27th. Finally, Bank of America Corp. lowered shares of M/A-Com Technology Solutions Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $47.00 to $38.00 in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. M/A-Com Technology Solutions Holdings presently has a consensus rating of “Buy” and a consensus price target of $45.94.

The firm’s 50 day moving average price is $35.02 and its 200 day moving average price is $38.43. The company has a market capitalization of $1.82 billion and a PE ratio of 50.15.

M/A-Com Technology Solutions Holdings (NASDAQ:MTSI) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The company earned $133.60 million during the quarter, compared to the consensus estimate of $130.55 million. During the same period in the previous year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts predict that M/A-Com Technology Solutions Holdings Inc. will post $1.95 earnings per share for the current year.

In other news, SVP Michael T. Murphy sold 13,121 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $36.32, for a total value of $476,554.72. Following the sale, the senior vice president now owns 39,835 shares of the company’s stock, valued at $1,446,807.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder John L. Ocampo sold 1,000,000 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $41.25, for a total transaction of $41,250,000.00. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in MTSI. Wells Fargo & Company MN raised its stake in shares of M/A-Com Technology Solutions Holdings by 171.0% in the fourth quarter. Wells Fargo & Company MN now owns 27,047 shares of the company’s stock worth $1,106,000 after buying an additional 17,065 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of M/A-Com Technology Solutions Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 43,432 shares of the company’s stock worth $1,776,000 after buying an additional 689 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of M/A-Com Technology Solutions Holdings by 122.6% in the fourth quarter. New York State Common Retirement Fund now owns 49,420 shares of the company’s stock worth $2,021,000 after buying an additional 27,220 shares in the last quarter. Dai Ichi Life Insurance CO. LTD. acquired a new stake in shares of M/A-Com Technology Solutions Holdings during the fourth quarter worth approximately $2,138,000. Finally, Segment Wealth Management LLC raised its stake in shares of M/A-Com Technology Solutions Holdings by 0.4% in the fourth quarter. Segment Wealth Management LLC now owns 91,522 shares of the company’s stock worth $3,742,000 after buying an additional 350 shares in the last quarter.

M/A-COM Technology Solutions Holdings, Inc is a provider of analog semiconductor solutions for the use in wireless and wireline applications across the radio frequency (RF) microwave and millimeter wave spectrum. The Company operates in semiconductors and modules segment. The Company’s semiconductor products are electronic components, which include point-to-point wireless backhaul radios, antenna arrays, radar, magnetic resonance imaging systems (MRI) and unmanned aerial vehicles (UAVs).

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